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1997 Ford Mustang Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Mar 9, 2020

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Average insurance rates for a 1997 Ford Mustang are $1,030 a year with full coverage. Comprehensive costs an estimated $144, collision insurance costs $206, and liability coverage costs around $500. Buying a liability-only policy costs as low as $560 a year, and high-risk insurance costs around $2,214. Teen drivers receive the highest rates at up to $4,234 a year.

Annual premium for full coverage: $1,030

Rate estimates for 1997 Ford Mustang Insurance

Comprehensive $144
Collision $206
Liability $500

Rate data is compiled from all 50 U.S. states and averaged for all 1997 Ford Mustang models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

For a 40-year-old driver, prices range range from as low as $560 for a discount liability-only rate to a much higher rate of $2,214 for high-risk insurance.

Liability Only $560
Full Coverage $1,030
High Risk $2,214

View Chart as Image

1997 Ford Mustang insurance rates compared
Column chart showing 1997 Ford Mustang insurance prices range from $631 to $4,234 for full coverage

These differences demonstrate why anyone shopping for car insurance should compare prices for a targeted area and risk profile, rather than using price averages.

Use the form below to get rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Recommended Companies for Cheap 1997 Ford Mustang Insurance

Searching Companies

Searching for lower insurance coverage rates for your Ford Mustang? Overwhelmed by the dozens of insurance coverage options? You have a lot of company. Drivers have so many choices that it can quickly become a ton of work to locate the lowest price.

You should take the time to get comparison quotes periodically since rates tend to go up over time. If you had the best price for Mustang insurance on your last policy other companies may now be cheaper. Starting right now, forget all the misinformation about insurance coverage because you’re about to learn one of the best ways to reduce your cost while increasing coverage.

How to Lower Your Insurance Coverage Cost

Performing a rate comparison can be challenging if you aren’t aware of the most efficient way. You could spend your day driving to insurance companies in your area, or you could use online quoting to accomplish the same thing much quicker.

Many insurance companies take part in a program where insurance shoppers submit their information once, and every company returns a rated price based on that data. This eliminates the need for quotation requests for each company. To compare pricing click here to start a free quote.

The single downside to doing it this way is that consumers can’t choose which providers to get pricing from. So if you want to choose individual companies to compare rates, we put together a list of low cost insurance coverage companies in your area. Click here to view list.

It’s up to you how you get prices quotes, just be sure to compare the exact same coverage limits and deductibles on every quote. If you are comparing different deductibles you will not be able to make a fair comparison for your Ford Mustang. Quoting even small variations in limits may cause a big price difference. And when comparing insurance coverage rates, know that having more price comparisons gives you a better chance of getting the best rates.

How to reduce Ford Mustang insurance rates

Car insurance companies don’t always list every discount very clearly, so here is a list both the well known as well as the least known insurance savings.

  • Early Signing – A few companies offer discounts for switching policies prior to your current policy expiration. This can save 10% or more.
  • Defensive Driver – Taking a defensive driving course could cut 5% off your bill if you qualify.
  • Lower Rates for Military – Having a family member in the military could be rewarded with lower premiums.
  • Life Insurance Discount – Select insurance companies reward you with better rates if you take out auto and life insurance together.
  • Fewer Miles Equal More Savings – Driving fewer miles could qualify for lower rates on the low mileage vehicles.
  • Discounts for Safe Drivers – Safe drivers can get discounts for up to 45% lower rates for Mustang insurance than less cautious drivers.
  • Employee of Federal Government – Active or retired federal employment could cut as much as 10% off for Mustang insurance depending on your company.
  • New Car Discount – Insuring a new car is cheaper because new vehicles have to meet stringent safety requirements.

Drivers should understand that most discount credits are not given the whole policy. Most only reduce individual premiums such as collision or personal injury protection. So when it seems like you can get free auto insurance, you won’t be that lucky.

For a list of providers with discount insurance rates, click here.

Tailor your coverage to you

When it comes to buying the right insurance coverage, there really is not a perfect coverage plan. Everyone’s situation is unique.

For instance, these questions can aid in determining whether your personal situation would benefit from professional advice.

  • Does coverage extend to my business vehicle?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Which companies will insure high-risk drivers?
  • What is the rate difference between pleasure use and commuting?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • What is the minimum liability in my state?
  • Am I covered if I drive in a foreign country?
  • Should I have combined single limit or split liability limits?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you don’t have a local agent, complete this form.

Free Auto Insurance Comparison

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Coverage specifics

Having a good grasp of insurance can help you determine the right coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Liability auto insurance

Liability insurance will cover damage that occurs to other’s property or people by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability insurance covers things like loss of income, legal defense fees, repair bills for other people’s vehicles and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but you should buy higher limits if possible.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills like pain medications, chiropractic care, nursing services, funeral costs and prosthetic devices. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive auto coverage

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like a tree branch falling on your vehicle, damage from a tornado or hurricane, hitting a deer, hitting a bird and fire damage. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Ford Mustang.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Auto collision coverage

This coverage pays for damage to your Mustang caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like colliding with a tree, crashing into a building and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to bring the cost down.

Make a quick buck

Consumers change insurance companies for a variety of reasons including questionable increases in premium, delays in responding to claim requests, poor customer service and even policy cancellation. No matter why you want to switch, switching auto insurance companies is pretty simple and you could end up saving a buck or two.

When trying to cut insurance costs, it’s a bad idea to skimp on coverage in order to save money. In many instances, an insured dropped liability coverage limits and found out when filing a claim that they should have had better coverage. Your strategy should be to buy the best coverage you can find at an affordable rate, not the least amount of coverage.

Cost effective 1997 Ford Mustang insurance can be bought on the web in addition to many insurance agents, and you need to comparison shop both to have the best rate selection. Some auto insurance companies do not provide the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.

Other resources

Use our FREE quote tool to compare rates now!

Rates by U.S. City

1997 Ford Mustang Insurance Rates by City
City Premium
New York City, NY $1,623
Los Angeles, CA $1,758
Philadelphia, PA $1,369
Jacksonville, FL $1,494
Phoenix, AZ $1,196
Chicago, IL $1,375
Houston, TX $1,609
Seattle, WA $1,000
Columbus, OH $857
Indianapolis, IN $877

Need a specific model?

Choose your model and trim below

Rates by Driver Age

1997 Ford Mustang Insurance Rates by Driver Age
Driver Age Premium
16 $4,234
20 $2,368
30 $1,042
40 $1,030
50 $946
60 $926

Full coverage, $500 deductibles

Rates by Deductible

1997 Ford Mustang Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,182
$250 $1,112
$500 $1,030
$1,000 $948

Full coverage, driver age 40

Rates by Liability Limit

Ford Mustang Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,030
50/100 $1,130
100/300 $1,255
250/500 $1,580
100 CSL $1,180
300 CSL $1,455
500 CSL $1,655

Full coverage, driver age 40

Rates for High Risk Drivers

1997 Ford Mustang Insurance Rates for High Risk Drivers
Age Premium
16 $5,946
20 $3,770
30 $2,230
40 $2,214
50 $2,120
60 $2,100

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $138

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $51
Multi-vehicle $56
Homeowner $19
5-yr Accident Free $61
5-yr Claim Free $64
Paid in Full/EFT $36
Advance Quote $44
Online Quote $68
Total Discounts $399
Rate after discounts $631

Discounts are estimated and may not be available from every company or in every state.

Find companies with the cheapest rates in your area

1997 Ford Mustang Insurance Rates by State
State Premium
Alabama $930
Alaska $790
Arizona $854
Arkansas $1,030
California $1,172
Colorado $980
Connecticut $1,058
Delaware $1,166
Florida $1,288
Georgia $950
Hawaii $736
Idaho $698
Illinois $764
Indiana $776
Iowa $694
Kansas $976
Kentucky $1,404
Louisiana $1,524
Maine $636
Maryland $848
Massachusetts $820
Michigan $1,786
Minnesota $860
Mississippi $1,232
Missouri $912
Montana $1,106
Nebraska $810
Nevada $1,236
New Hampshire $742
New Jersey $1,150
New Mexico $908
New York $1,082
North Carolina $592
North Dakota $844
Ohio $708
Oklahoma $1,056
Oregon $942
Pennsylvania $978
Rhode Island $1,372
South Carolina $932
South Dakota $868
Tennessee $900
Texas $1,238
Utah $760
Vermont $704
Virginia $616
Washington $794
West Virginia $944
Wisconsin $712
Wyoming $918

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